The following scenarios describe ledger entries for adding ECL to an existing lot when you use asset-level expected credit loss (ECL).
Book Asset-Level for IFRS – FVOCI
The entity updates an existing lot with expected credit losses of $30 using the Book Asset-Level panel. The lot is flagged as Stage 1, which has no accounting impact but is stored on the lot.
The ledger entries follow for an IFRS accounting basis with an FVOCI (Fair Value - Other Comprehensive Income) regulatory category.
Ledger Account
Ledger Acct Name
Dr
Cr
5301000902
IMPAIRMENT EXPENSE FOR ECL-FV-OCI
30
3305000406
ALLOWANCE FOR ECL-FV-OCI
30
Book Asset-Level for IFRS – Amortized Cost
The ledger entries follow for an IFRS accounting basis with an AC (Amortized Cost) regulatory category.
Ledger Account
Ledger Acct Name
Dr
Cr
5601000902
IMPAIRMENT EXPENSE FOR ECL-AC
30
1610010419
ALLOWANCE FOR ECL-AC
30
Book Asset-Level for US GAAP – AFS
The ledger entries follow for a GAAP accounting basis with an AFS (Available for Sale) regulatory category.
Ledger Account
Ledger Acct Name
Dr
Cr
5301000902
IMPAIRMENT EXPENSE FOR ECL-AFS
30
1310010419
ALLOWANCE FOR ECL-AFS
30
Book Asset-Level for US GAAP – HTM
The ledger entries follow for a GAAP accounting basis with an HTM (Held to Maturity) regulatory category.
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